Investor Presentaiton

Banxico will keep hiking amid a very challenging inflationary outlook Inflation forecast % y/y fortnightly frequency Reference rate's trajectory % 14 11 13 10 12 11 9 10 2022: 8 9 8.1 8 2021: 7.3 7 6 10.00 8.25 8.50 6 5 4 3 2020: 2 3.2 1 2023: 5 4.1 -Headline .Core 4 Non-core 4.00 3 3.00 0 2 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Dec-08 Dec-11 Dec-14 Dec-17 Dec-20 Dec-23 Source: INEGI, Banxico, Banorte Div 66 99 DB Rev Dep NIM TI LD Loan BAP Guid ESG Eco NI ROE ICAP Mkt App Hist C/I GRUPO FINANCIERO BANORTE

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